REGISTERED COMPANY NUMBER: 06378349 (England and Wales) REGISTERED CHARITY NUMBER: 1121919
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2023
for Caris Camden
Maddox & Maddox Limited 9 Commercial Yard Barnard Castle Co. Durham DL12 8FE
Caris Camden
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 14 |
| Detailed Statement of Financial Activities | 15 |
Caris Camden
Report of the Trustees for the Year Ended 31 December 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's object is to promote charitable purposes for the benefit of the community in the London Borough of Camden and in surrounding or adjacent areas, including assisting the homeless and parents and children in need. It does so by arranging play and learning activities for homeless children living in temporary accommodation hostels, by arranging enrichment activities (outings and trips) for their families during the school holidays, and by conducting welfare and housing support work with those families.
.
ACHIEVEMENT AND PERFORMANCE
Financials
The Charity's endowment funds increased by £74,188 to £1,756.582, The fund produced income of £64,760 (2023 £64,691). Being an endowment fund we are not able to spend the capital and it does not count as a reserve. Our investment policy is to prioritise income. For the Charity's impact please request a copy of its Annual Review which gives full details.
STRUCTURE, GOVERNANCE AND MANAGEMENT
As a company limited by guarantee, the Charity's governing documents are its Memorandum and Articles of Association. In 2021 the Charity adopted the working name "Caris Families", reflecting the fact that it did not work exclusively in the London Borough of Camden.
The Charity is governed by a board of Trustees who are its directors and also its members. They meet about four times each year and also deal with more urgent business by email. New trustees are appointed by the board of Trustees with the exception that the articles allow the North and South Camden Deaneries each to appoint one trustee (none has in fact been appointed by the Camden Deanery Synod).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06378349 (England and Wales)
Registered Charity number
1121919
Registered office
St Pancras Church House Lancing Street London NW1 1NA
Page 1
Caris Camden
Report of the Trustees for the Year Ended 31 December 2023
Trustees
J G Browne H L Y Funtua F R Mcleod F M Newbigin A H Penny Chairman A C F Penny S M Seymour J I Storey M E E S Yamadjako
Company Secretary
A H Penny
Independent Examiner
Maddox & Maddox Limited 9 Commercial Yard Barnard Castle Co. Durham DL12 8FE
Approved by order of the board of trustees on 27 June 2024 and signed on its behalf by:
A H Penny Chairman of Trustees
Page 2
Independent Examiner's Report to the Trustees of Caris Camden
Independent examiner's report to the trustees of Caris Camden ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Maddox FCCA
Maddox & Maddox Limited 9 Commercial Yard Barnard Castle Co. Durham DL12 8FE
27 June 2024
Page 3
Caris Camden
Statement of Financial Activities for the Year Ended 31 December 2023
| 31.12.23 Unrestricted Restricted Endowment Total fund fund fund funds Notes £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 124,658 29,644 - 154,302 Investment income 2 64,760 - - 64,760 Total 189,418 29,644 - 219,062 EXPENDITURE ON Charitable activities Caris Families 156,158 25,232 - 181,390 Net gains/(losses) on investments (801) - 74,188 73,387 NET INCOME/(EXPENDITURE ) 32,459 4,412 74,188 111,059 RECONCILIATION OF FUNDS Total funds brought forward 63,591 4,879 1,682,394 1,750,864 TOTAL FUNDS CARRIED FORWARD 96,050 9,291 1,756,582 1,861,923 |
31.12.22 Total funds as restated £ 127,465 64,691 192,156 169,982 (254,380) (232,206) 1,983,070 1,750,864 |
|---|---|
The notes form part of these financial statements
Page 4
Caris Camden
Balance Sheet
31 December 2023
| 31.12.23 Unrestricted Restricted Endowment Total fund fund fund funds Notes £ £ £ £ FIXED ASSETS Tangible assets 7 142 - - 142 CURRENT ASSETS Debtors 8 1,158 - - 1,158 Investments 9 12,033 - 1,744,636 1,756,669 Cash at bank 83,967 9,291 11,946 105,204 97,158 9,291 1,756,582 1,863,031 CREDITORS Amounts falling due within one year 10 (1,250) - - (1,250) NET CURRENT ASSETS 95,908 9,291 1,756,582 1,861,781 TOTAL ASSETS LESS CURRENT LIABILITIES 96,050 9,291 1,756,582 1,861,923 NET ASSETS 96,050 9,291 1,756,582 1,861,923 FUNDS 11 Unrestricted funds 96,050 Restricted funds 9,291 Endowment funds 1,756,582 TOTAL FUNDS 1,861,923 |
31.12.22 Total funds as restated £ 961 1,130 1,683,282 101,874 1,786,286 (36,383) 1,749,903 1,750,864 1,750,864 63,591 4,879 1,682,394 1,750,864 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Caris Camden
Balance Sheet - continued
31 December 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2024 and were signed on its behalf by:
A H Penny Chairman of Trustees
The notes form part of these financial statements
Page 6
Caris Camden
Notes to the Financial Statements for the Year Ended 31 December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Following the split of C4WS into a separate independent charity on 1st July 2020 and transferal of all related assets, liabilities and staff to the new charity,all grant income has been treated as restricted when in fact it was unrestricted. So all funds received from July 2020 are unrestricted and 2022 comparatives have been restated.
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| Trust income Interest receivable - trading |
31.12.23 31.12.22 as restated £ £ 64,591 64,591 169 100 64,760 64,691 |
|---|---|
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.23 | 31.12.22 |
|
|---|---|---|
| as | ||
| restated | ||
| £ | £ | |
| Depreciation - owned assets | 819 | 820 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total |
|||
| fund | fund | fund | funds | |||
| as restated | ||||||
| £ | £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 63,846 | 63,619 | - | 127,465 | ||
| Investment income | 64,691 | - | - | 64,691 | ||
| Total | 128,537 | 63,619 | - | 192,156 | ||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Caris Families | 107,063 | 62,919 | - | 169,982 | ||
| Net gains/(losses) on investments | (1,735) | - | (252,645) | (254,380) | ||
| NET INCOME/(EXPENDITURE) | 19,739 | 700 | (252,645) | (232,206) | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 43,852 | 4,179 | 1,935,039 | 1,983,070 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 63,591 | 4,879 | 1,682,394 | 1,750,864 |
6. PRIOR YEAR ADJUSTMENT
Following the split of C4WS into a separate independent charity on 1st July 2020 and transferal of all related assets, liabilities and staff to the new charity,all grant income has been treated as restricted when in fact it was unrestricted. So all funds received from July 2020 are unrestricted and 2022 comparatives have been restated.
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Caris Camden
| Notes | to the Financial Statements-continued | ||
|---|---|---|---|
| for the Year Ended 31 December 2023 | |||
| 7. | TANGIBLE FIXED ASSETS | ||
| Computer | |||
| equipment | |||
| £ | |||
| COST | |||
| At 1 January 2023 and | |||
| 31 December 2023 | 2,484 | ||
| DEPRECIATION | |||
| At 1 January 2023 | 1,523 | ||
| Charge for year | 819 | ||
| At 31 December 2023 | 2,342 | ||
| NET BOOK VALUE | |||
| At 31 December 2023 | 142 | ||
| At 31 December 2022 | 961 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.23 | 31.12.22 |
||
| as | |||
| restated | |||
| £ | £ | ||
| Prepayments | 1,158 | 1,130 | |
| 9. | CURRENT ASSET INVESTMENTS | ||
| 31.12.23 | 31.12.22 |
||
| as | |||
| restated | |||
| £ | £ | ||
| Unlisted investments | 1,756,669 | 1,683,282 |
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Deferred income Accrued expenses 11. MOVEMENT IN FUNDS At 1.1.23 £ Unrestricted funds General fund 63,591 Restricted funds Restricted 4,879 Endowment funds Endowment 1,682,394 TOTAL FUNDS 1,750,864 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 189,418 (156,158) Restricted funds Restricted 29,644 (25,232) Endowment funds Endowment - - TOTAL FUNDS 219,062 (181,390) |
31.12.23 31.12.22 as restated £ £ - 35,133 1,250 1,250 1,250 36,383 Net movement At in funds 31.12.23 £ £ 32,459 96,050 4,412 9,291 74,188 1,756,582 111,059 1,861,923 Gains and Movement losses in funds £ £ (801) 32,459 - 4,412 74,188 74,188 73,387 111,059 |
|
|---|---|---|
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||||
|---|---|---|---|---|---|
| movement | At |
||||
| At 1.1.22 | in funds |
31.12.22 |
|||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 43,852 | 19,739 | 63,591 | ||
| Restricted funds | |||||
| Restricted | 4,179 | 700 | 4,879 | ||
| Endowment funds | |||||
| Endowment | 1,935,039 | (252,645) | 1,682,394 | ||
| TOTAL FUNDS | 1,983,070 | (232,206) | 1,750,864 | ||
| Comparative net movement in funds, included in the | above are as | follows: | |||
| Incoming | Resources |
Gains and |
Movement | ||
| resources | expended |
losses |
in funds |
||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 128,537 | (107,063) | (1,735) | 19,739 | |
| Restricted funds | |||||
| Restricted | 63,619 | (62,919) | - | 700 | |
| Endowment funds | |||||
| Endowment | - | - | (252,645) | (252,645) | |
| TOTAL FUNDS | 192,156 | (169,982) | (254,380) | (232,206) |
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted Endowment funds Endowment TOTAL FUNDS |
At 1.1.22 £ 43,852 4,179 1,935,039 1,983,070 |
Net movement At in funds 31.12.23 £ £ 52,198 96,050 5,112 9,291 (178,457) 1,756,582 (121,147) 1,861,923 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Endowment funds Endowment TOTAL FUNDS |
Incoming resources £ 317,955 93,263 - 411,218 |
Resources expended £ (263,221) (88,151) - (351,372) |
Gains and losses £ (2,536) - (178,457) (180,993) |
Movement in funds £ 52,198 5,112 (178,457) (121,147) |
|---|---|---|---|---|
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 14
| Caris Camden Detailed Statement of Financial Activities for the Year Ended 31 December 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Trust and foundation grants Local authority grants Investment income Trust income Interest receivable - trading Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Directors maternity cover (contracted) Charitable activities Computer equipment Support costs Finance Interest payable Governance costs Accountancy and legal fees Total resources expended Net income |
31.12.23 31.12.22 as restated £ £ 8,075 29,266 127,825 98,199 18,402 - 154,302 127,465 64,591 64,591 169 100 64,760 64,691 219,062 192,156 117,739 91,476 6,229 4,176 7,150 6,635 7,974 33,922 39,855 30,626 820 820 179,767 167,655 - 709 1,623 1,618 181,390 169,982 37,672 22,174 |
|---|---|
This page does not form part of the statutory financial statements
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